Published in News

What is the sale strategy for Circuit City?

by on05 November 2008

Image

It is all up to the liquidator to decide

It seems that everyone is abuzz as to what the liquidators might be doing with the stock that is to be sold from the 155 Circuit City stores to be closed. According to the company they have no clue what the liquidator will do or how it will handle the sales. It is all up to them to decide.

At this point we have not even been able to confirm identity of the company that is doing the actual liquidation. All we really know is that they will be responsible for handling the entire process of the liquidation, including setting the prices, the discounts, and the advertising of the liquidation of the stores that are being closed.

The speculation is running rampant on what in fact might be on sale when the stores re-open, and it has led to more of a needle in the haystack situation that people might find good deals as inventory is blown out. However, it could be that the liquidator intends to mark the inventory up first, which is a common tactic before they start applying percentage discounts to the merchandise each week until the inventory is gone.

While everyone likes a deal, it is also possible that the liquidators have already sent some of the inventory to other blow out companies for higher prices on the dollar than they are expected to get by selling it off at liquidation. The fact remains that everyone will continue to watch the situation closely, as it would appear that many have their eyes on things to get a deal; but we suspect that the best deals will be a few weeks down the road.
Last modified on 05 November 2008
Rate this item
(0 votes)